Daimler near finalizing Renault-Nissan pact: WSJ

SAN FRANCISCO (MarketWatch) -- Daimler AG
DAI, +0.79%
is close to finalizing an alliance with Nissan Motors
NSANY, +0.71%
and Renault SA
rnsdy
to lower the cost of developing small cars, The Wall Street Journal reported late Thursday on its Web site, citing unidentified sources close to the talks. The alliance, which could close as early as next week, will likely include swaps of each company's shares, anywhere from a 3% to 5% stake, according to the Journal.

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